short term .. neutral - Long term intact
Updated
So
BTC -2.42% Needs to get above and hold the 9200 level. Next important line to hold is the 8800 level.
It can still crawl back up. In the long term BTC -2.42% and other crypto's will definitely appreciate in value. Long term holders should NOT sell.
But be aware off possible pain to 7400 - 6000 - or even 4500 at it's lowest point.
GL
- BTC -2.42% broke its fibonacci 0.236 which in general terms is an important level.
- It also broke it's uptrend channel .
- It FAILED to get above the very important 200 daily MA twice!
- Daily RSI is still high, while hourly is low.
- Daily MACD is turning negative.
BTC -2.42% Needs to get above and hold the 9200 level. Next important line to hold is the 8800 level.
It can still crawl back up. In the long term BTC -2.42% and other crypto's will definitely appreciate in value. Long term holders should NOT sell.
But be aware off possible pain to 7400 - 6000 - or even 4500 at it's lowest point.
GL
Note
Review: ~bad/good analyses and bad trade advice. should have sold, even the long term holders.
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